Synopsis :
A newly listed cable manufacturer saw shares rise after securing an Rs 18.21 crore DISCOM order. FY24-25 revenue grew 71% and net profit surged 300%. The company serves diverse sectors, operates two plants, and demonstrates strong operational efficiency and growth potential.
The shares of prominent cable manufacturers gained up to 3 percent in today’s trading session after the company bagged a significant work order from the State Electricity Distribution Company (DISCOM) worth Rs 18.21 crore
With a market capitalization of Rs 150.44 crore, the shares of Prime Cable Industries Limited were trading at Rs 82.10 per share, increasing around 0.55 percent as compared to the previous closing price of Rs 81.65 apiece.
Significant Order
The shares of Prime Cable Industries Li